415-310-1766
1035 Van Ness Ave, San Francisco, CA for Sale
Assisted Livings - FOR SALE
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1035 Van Ness Ave
San Francisco, CA 94109


HIGHLIGHTS

  • Impeccably maintained assisted living facility primed for transformation into affordable or student housing.
  • A rare chance to penetrate a market and industry with formidable entry barriers and expansive growth prospects.
  • Offering 106 units boasting private bathrooms and kitchenettes, with plans in place to partition larger units for a potential total of 124 units.
  • Noteworthy Building Features: Fifth-floor balcony, an outdoor garden patio, a fully equipped commercial kitchen and spacious dining areas.
  • Ample on-site parking secured for up to 32 vehicles along with a dedicated transportation shuttle service.
  • Strategically positioned in a transit-friendly locale with multiple MUNI stops facilitating public transportation access throughout San Francisco.

OVERVIEW

Avison Young and Bridge Real Estate Advisors are pleased to offer qualified investors the opportunity to acquire an established senior assisted living facility located on San Francisco’s burgeoning and revitalized Van Ness corridor. The $350 million 8-year Van Ness Improvement Project brings a much-needed overhaul to one of the city’s most-trafficked thoroughfares. In addition to providing new utility infrastructure, civic improvements and safer pedestrian transit stops, the project also boasts the city’s first rapid-transit system, making this an ideal location for commuters. Neighboring Sutter Health’s $2.5 billion state-of-the-art hospital in conjunction with the new 496,000 square foot medical office facility at 1100 Van Ness Avenue have furthered the area’s transformation into San Francisco’s preeminent healthcare hub. Both projects have attracted numerous healthcare providers and hundreds of employees to the neighborhood, helping the local business community grow and prosper. San Francisco’s supply constrained geography and prohibitive construction costs coupled with an aging population demographic presents a rare opportunity to enter a market and industry with high barriers to entry and tremendous growth potential.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Avenue

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

9

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,354 SF

ZONING

RC-4

APN/PARCEL ID

0714-028

ASK ABOUT THIS PROPERTY

Eddie SalemAvison YoungMore Info
415-310-1766

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Eddie SalemAvison YoungMore Info
415-310-1766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.